Mav 1, 1919.] 



THE INDIA RUBBER WORLD 



439 



News of the American Rubber Industry. 



DIVIDENDS. 



THE American Chicle Co., New York City, manufacturer of 

 chewing gum, has declared a quarterly dividend of one per 

 cent, payable May 1 on common stock of record April 19, 1919. 



The American Wringer Co., Woonsocket, Rhode Island, manu- 

 facturer of all kinds of wringers, declared its regular quarterly 

 dividend of one and three-quarters per cent, payable April IS 

 on preferred stock of record March 31. 



The Firestone Tire & Rubber Co., Akron, Ohio, manufacturer 

 of tires, rubber footwear, and other rubber goods, declared a 

 quarterly dividend of one and one-half per cent, payable April 

 15 on common stock of record April 1, 1919. 



The Hood Rubber Co., Watertown, Massachusetts, manufac- 

 turer of rubber tires and footwear, has declared its regular 

 quarterly dividend of one and three-quarters per cent, payable 

 May 1 to preferred stock of record April 22, 1919 



The Kelly-Springfield Tire Co., New York City, tire manu- 

 facturer, has declared quarterly dividends of $1 cash per share 

 and three per cent in common stock, on its common stock, pay- 

 able May 1 on stock of record April 15, 1919. 



The McGraw Tire & Rubber Co., East Palestine and 1900 

 Euclid avenue, Cleveland, Ohio, tire manufacturer, declared its 

 quarterly dividend of one and three-quarters per cent on pre- 

 ferred stock, payable April 1 on stock of record March 20, 1919. 



The Manufactured Rubber Co., Philadelphia, Pennsylvania, 

 manufacturer of rubber substitute, which resumed paying divi- 

 dends on its preferred stock last January, recently declared an- 

 other of one and one-half per cent, payable April 25 on stock 

 of record April 19, 1919. 



The Portage Rubber Co., Akron, Ohio, has declared a quarterly 

 dividend of three per cent, payable May IS on common stock 

 of record May 5, 1919, also a quarterly dividend of one and three- 

 quarters per cent on its preferred stock. 



The Sioux City Tire & Manufacturing Co., Sioux City, Iowa, 

 lire manufacturer, has declared cash dividends of eight per cent 

 on preferred stock, payable May 15, and of thirty per cent on 

 common stock, payable July IS, 1919. 



The United States Rubber Co., New York City, manufacturer 

 of tires and all kinds of rubber goods, declared quarterly divi- 

 dends of two per cent and one and one-half per cent, respectively, 

 on its first and second preferred stock, both payable April 30 on 

 stock of record April IS, 1919. 



The Westinghouse Electric & Manufacturing Co., East Pitts- 

 burgh, Pennsylvania, manufacturer of automotive equipment, 

 has declared a quarterly dividend of one and three-quarters per 

 cent ($0.87^i per share), payable .\pril 30 on common slock of 

 record April 4, 1919. 



LABOR CONDITIONS IN NEW YORK. 



Assuming that labor conditions ui the ruliber and gutta pcrcha 

 factories of the State of New York are fairly indicative of simi- 

 lar conditions throughout the country, the most recent statistics 

 for February, 1919, published by the New York State Industrial 

 Commission are of interest. 



These statistics show an increase over the preceding month of 

 2.6 per cent in the number of workers employed and a decrease 

 of 3.7 per cent in total wages, the latter being due to a reduction 

 in the hours worked per week. As compared with the same 

 month of 1918, there are 4.1 per cent less workers employed, but 

 their total wages represent an increase of 17.7 per cent. Average 

 weekly earnings of all employes in both office and factory are 

 now $18.61, and have undergone a gradual increase from $10.66 

 in 1915. Herein lies the chief cause for the increased cost of 

 manufactured rubber goods. 



In order to become better acquainted, employes of the ditfer- 

 ent rubber companies in and about New York have formed an 

 athletic association and will give a series of contests in various 

 branches of sport. The organization is known as the Rubber 

 Industries Athletic League and at present includes the following 

 firm members: Ajax Rubber Co., Empire Tire Co., Federal 

 Rubber Co., Firestone Tire & Rubber Co., The Goodyear Tire 

 & Rubber Co., The B. F. Goodrich Rubber Co., Globe Rubber 

 Tire Manufacturing Co., Keystone Tire & Rubber Co., Kelly- 

 Springfield Tire Co., Miller Tire Corp, Pennsylvania Rubber 

 Co., Sterling Tire Corp. and United States Rubber Co. The 

 officers are : President, P. C. Botzenmayer, United States Rub- 

 ber Co.; vice-president, H. A. Demarest, The B. F. Goodrich 

 Rubber Co.; secretary, J. L. Wood, Ajax Rubber Co., Inc.; 

 treasurer, B. Greene, Sterling Tire Corp. 



A baseball schedule has been arranged and the following 

 firm members will have teams in the field: Ajax Rubber Co., 

 Inc., Firestone Tire & Rubber Co., The B. F. Goodrich Rubber 

 Co., The Goodyear Tire & Rubber Co., Globe Rubber Tire 

 Mfg. Co., Kelly-Springfield Tire Co., Sterling Tire Cop., United 

 States Rubber Co. The games will be played on diamonds 

 around New York, and should furnish some lively entertain- 

 ment, as the rivalry is sure to be keen. Several trophies have 

 been arranged for and will be displayed in the show windows 

 of the interested companies from time to time. 



ANNUAL SPRING CROP OF FIBER SOLE BILLS. 



Within the last few years several state legislatures have had 

 presented for enactment numerous "pure shoe bills," all of which 

 have failed of passage. A recent bill introduced in the Wiscon- 

 sin Legislature "relating to the sale of wearing apparel made 

 out of artificial substances, and providing a penalty" was so 

 loosely drawn that the use of fiber soles would be prohibited 

 unless the manufacturers of such soles designate every ingredient 

 entering into the sole, and the exact percentage of such in- 

 gredient therein contained. Fines of $10 to $1,000, or imprison- 

 ment for not more than six months, or both, are named as a 

 penalty. 



Luckily the author of the bill, having been shown its absurdity, 

 consented to an indefinite postponement of its consideration, and 

 manufacturers of fiber soles may continue to guard the secrets 

 of their products. Not long ago a similar bill was introduced 

 in the Iowa Legislature. 



M. & A. M. A. ENTERTAINS TRADE JOURNALISTS. 



Prompted by the desire to know better the trade journal men 

 and others connected with the various trades interested, the direc- 

 tors of the Motor and Accessory Manufacturers' Association gave 

 them an informal dinner on April 18, 1919, at the Transportation 

 Club, New York City, as follows : 



"Motor"— E. C. Wright, business manager; Alexander John- 

 son, editor. "Motor Life"— T. W. Snead, treasurer, and C. B. 

 Ames, business manager. "The India Rubber World"— W. M. 

 Morse. "Class Journal"— David Beccrof t, directing editor ; W. I. 

 Ralph, vice-president. "Automobile Topics"— Niran Bates Pope, 

 editor. Motor and Accessory Manufacturers' Association — C. E. 

 Thompson, president; C. W. Stiger, A. W. Copland and E. W. 

 Beach, directors; M. E. Heminway, general manager; C. A. 

 Burrell, manager credit department; Sidney S. Meyers, general 

 counsel. Federal Highway Association, Washington, D. C— 

 S. M. Williams, president. 



